Alpha Services and S A : Bank successfully priced a Subordinated Tier II bond of Euro 500 million with a 6% coupon

Athens, June 5, 2024

Alpha Services and Holdings successfully priced a Subordinated Tier II bond of Euro 500 million with a 6% coupon

Alpha Services and Holdings successfully priced a Euro 500 million, Subordinated Tier II bond, with a maturity of 10.25 years, callable in 5.25 years and a yield of 6.125% which attracted high interest from the investor community.

The outcome confirms the Bank's strong position and ability to tap the markets, as well as its execution capacity and commitment to deliver against its plan and targets.

Capitalizing on the markets' positive momentum, the transaction received strong demand, with orders coming in from more than 130 accounts, exceeding €1.5 billion, ratifying investors' perception on the progress of the Bank.

The transaction attracted high international investors' attention (76% of the book), with demand stemming from France (31%) and UK (29%). Long-term investors led the distribution, with fund managers, banks and insurance companies accounting for more than 89% of the allocation.

Group Alpha Bank's CFO, Lazaros Papagaryfallou, noted:

"We are pleased by the successful placement of our subordinated Tier II l transaction. In line with our strategic plan, we are well progressed in our issuances across the senior and subordinated space, having created and sustained excess capital buffers. Strong demand from a well-represented international investor base led to this successful outcome, at a coupon well within initial market expectations. We regard it as a clear vote of confidence in the future of Alpha Bank and in the outlook for the Greek economy".

Barclays Bank Ireland PLC, BNP PARIBAS, Citigroup Global Markets Europe AG, Goldman Sachs Bank Europe SE, Morgan Stanley Europe SE and UniCredit Bank GmbH acted as Joint Lead Managers on the transaction. Koutalidis Law Firm και A&O Shearman acted as legal advisors of the issuer.

Compliance information for the bonds: MiFID II and UK MiFIR - professionals / ECPs- only / No EEA or UK PRIIPs KID - MiFID II and UK MiFIR manufacturer target market is eligible counterparties and professional clients only (all distribution channels). No EEA or UK PRIIPs key information document (KID) has been or will be prepared as no sales to EEA or UK retail investors. No action has been or will be taken in any jurisdiction in relation to the bonds to permit a public offering of securities.

The bonds are not being, and will not be, offered or sold in the United States. Nothing in this announcement constitutes an offer to sell or the solicitation of an offer to buy the

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bonds in the United States or any other jurisdiction. The bonds may not be offered, sold or delivered in the United States absent registration under, or an exemption from the registration requirements of, the Securities Act. The bonds have not been, and will not be, registered under the Securities Act or the securities laws of any state or other jurisdiction of the United States and may not be offered, sold or delivered, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons.

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